Prime Minister Narendra Modi has spent much of the past decade lowering barriers to foreign investment in India

Japan’s nominal GDP will be overtaken by India’s and slip from number 4 in the world to number 5 next year, according to projections by IMF

The global shocks have proven to be particularly damaging for China because they have come on top of an ongoing, secular loss of competitiveness.

India's biggest cement producer, UltraTech Cement, is importing a cargo of Russian coal and paying using Chinese yuan, according to an Indian customs document reviewed by Reuters, a rare payment method that traders say could become more common.

India would become a 30 trillion dollar economy from the level of three trillion dollar economy very soon, Commerce and Industry Minister Piyush Goyal has said.